Rackham v. Commissioner

Board of Tax Appeals

Rackham v. Commissioner

12 B.T.A. 1085, 1928 BTA LEXIS 3399

CourtUnited States Board of Tax Appeals

DecidedJuly 3, 1928

DocketDocket No. 10825.

StatusPublished

Cited by1 cases

This text of 12 B.T.A. 1085 (Rackham v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Rackham v. Commissioner, 12 B.T.A. 1085, 1928 BTA LEXIS 3399 (bta 1928).

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Opinion

[1101]*1101OPINION.

Sternhagen:

The issues in this proceeding are the same as those decided in James Couzens, 11 B. T. A. 1040. While there are some differences in the facts, they do not involve essential distinctions and do not require a conclusion in any respect different. The respondent was authorized to consider and determine the fair market price or value on March 1, 1913, of the petitioner’s stock in the Ford Motor Co. and to make a jeopardy assessment of the correct deficiency. From the evidence we have found that the fair market price [1102]*1102or value on March 1, 1913, of the petitioner’s- stock was at the rate of $10,000 a share.

Reviewed by the Board.

Judgment will be entered under Rule 50.

Smith, Morris, A rúndelo, and Milliken did not participate in the consideration or decision of this proceeding.

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[1101]*1101OPINION.

Sternhagen:

The issues in this proceeding are the same as those decided in James Couzens, 11 B. T. A. 1040. While there are some differences in the facts, they do not involve essential distinctions and do not require a conclusion in any respect different. The respondent was authorized to consider and determine the fair market price or value on March 1, 1913, of the petitioner’s stock in the Ford Motor Co. and to make a jeopardy assessment of the correct deficiency. From the evidence we have found that the fair market price [1102]*1102or value on March 1, 1913, of the petitioner’s- stock was at the rate of $10,000 a share.

Reviewed by the Board.

Judgment will be entered under Rule 50.

Smith, Morris, A rúndelo, and Milliken did not participate in the consideration or decision of this proceeding.

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12 B.T.A. 1085, 1928 BTA LEXIS 3399, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rackham-v-commissioner-bta-1928.

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